Southern Copper (SCCO) Hits Fresh High as Metal Price Soars to 15-Month High

Group 1 - Southern Copper Corp. (NYSE:SCCO) shares reached a new 52-week high, closing at $119.50 after an 8.38% increase, driven by a rally in copper prices [1][2] - The price of copper surged to a 15-month high, influenced by Freeport-McMoran Inc. declaring force majeure at its Grasberg mine in Indonesia, a significant copper mining site [3] - The benchmark three-month copper index at the London Metal Exchange rose by 3.63% to $10,336.50 per metric ton, the highest price since May 2024, indicating potential supply disruptions that could benefit Southern Copper and other producers [4]